SUMMARY
The fundraise also saw participation from SIG, the TELUS Pollinator Fund for Good, Precursor, BEENEXT, City Light, Hummingbird Firm, Avesta, among others
Terra.do enables candidates to land climate-focused jobs in various industries.
Terra.do also announced the launch of its app on the Apple App Store and Google Play Store
Climate-focused career platform Terra.do has raised $5 Mn as part of its seed funding round led by Avaana Capital. The round also saw participation from SIG, the TELUS Pollinator Fund for Good, Precursor, BEENEXT, City Light, Hummingbird Firm, Avesta, among others.
The startup said that more than 150 entities from a dozen countries across the globe participated in the round, including the likes of MCJ Collective, E8 Angels and C3, as well as angel investors such as Albert Wenger, David Helgason, among others.
The startup also announced the launch of its app on the Apple Store and Google Play Store.
Terra.do, founded in 2020 by Anshuman Bapna, Kamal Kapadia, and Mayank Jain, enables candidates to land climate-focused jobs in various industries. It also offers edtech solutions comprising cohort-based climate learning programs for venture capital firms, software engineers, among others.
The startup said it will use the funding to scale up its new app and to shore up hiring across multiple verticals. It will also use the investment to expand its presence across new territories such as Europe and parts of Asia.
“Our mission is to help 100 Mn people work in climate this decade. And we’re doing that by building the global platform for working in the fast-growing climate economy…This round will also allow us to expand our team to build out a climate careers business, and to expand to Europe and parts of Asia, including India, more aggressively,” CEO Bapna told Inc42.
The startup had last raised $1.4 Mn as part of a funding round led by Stanford Angels and Entrepreneurs, Beenext Emerging Asia, Rainmatter Capital, among others.
The startup claims to have ‘several thousand graduates’ from more than 25 countries. It currently has offices in Surat in Gujarat and California in the US. In addition, the startup has organised virtual job fairs that have already connected more than 10,000 professionals with more than 100 climate tech employers so far.
According to a report, VC investments in the global climatetech space soared to $32.2 Bn in the first ten months of 2021, a 4.9X increase over $6.6 Bn in 2016.
The Indian cleantech space is populated by players such as battery recycling startup Ace Green Recycling, emission control device manufacturer Chakr Innovation, internet of things (IoT) startup Clairco, among others.
In June, Mumbai-based solar startup SolarSquare raised $4 Mn in a funding round led by Good Capital. In March, B2B enterprise cleantech platform EdgeGrid raised $6 Mn in a funding round led by Lightrock India.
